Lyell Wealth Management LP Buys 5,426 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Lyell Wealth Management LP grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 157,502 shares of the e-commerce giant’s stock after purchasing an additional 5,426 shares during the quarter. Amazon.com comprises approximately 2.9% of Lyell Wealth Management LP’s holdings, making the stock its 4th largest holding. Lyell Wealth Management LP’s holdings in Amazon.com were worth $30,437,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. SilverOak Wealth Management LLC lifted its stake in shares of Amazon.com by 34.9% in the 2nd quarter. SilverOak Wealth Management LLC now owns 7,830 shares of the e-commerce giant’s stock valued at $1,513,000 after purchasing an additional 2,024 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Amazon.com by 6.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 188,391 shares of the e-commerce giant’s stock valued at $36,407,000 after purchasing an additional 11,730 shares during the period. Alta Advisers Ltd raised its stake in Amazon.com by 2.4% during the 2nd quarter. Alta Advisers Ltd now owns 25,600 shares of the e-commerce giant’s stock worth $4,947,000 after buying an additional 600 shares during the period. American Financial & Tax Strategies Inc. raised its stake in Amazon.com by 2.1% during the 2nd quarter. American Financial & Tax Strategies Inc. now owns 4,879 shares of the e-commerce giant’s stock worth $943,000 after buying an additional 99 shares during the period. Finally, Inspire Advisors LLC raised its stake in Amazon.com by 12.3% during the 2nd quarter. Inspire Advisors LLC now owns 1,929 shares of the e-commerce giant’s stock worth $373,000 after buying an additional 211 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Sanford C. Bernstein raised their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a report on Thursday, October 3rd. Evercore ISI reiterated an “outperform” rating and set a $240.00 price target on shares of Amazon.com in a report on Friday. Wedbush restated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Finally, Bank of America reduced their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Read Our Latest Research Report on AMZN

Amazon.com Stock Performance

NASDAQ AMZN opened at $187.54 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The stock has a market cap of $1.95 trillion, a PE ratio of 52.53, a PEG ratio of 1.38 and a beta of 1.14. The firm’s fifty day moving average price is $180.11 and its two-hundred day moving average price is $183.24.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, equities analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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